SA To Start Making Ventilators That Are 1150% Lower Than The Prevailing Market Price – Masiyiwa

According to Philanthropist and Telecomms mogul Strive Masiyiwa, South Africa is targeting to make ventilators that are priced 1150% lower than the current market price of ventilators, The Herald reports.

This was revealed in an interview Masiyiwa who was recently appointed African Union Special Envoy to mobilise the private sector response to Covid-19 had with an International Finance Corporation. Masiyiwa reportedly said:

We are going to start manufacturing 10 000 of these ventilators in South Africa.

According to The Herald Masiyowa also said:

The team he is working with had secured a design from Richard Branson’s Virgin Orbit of a “very revolutionary ventilator”

The ventilator will be sold for about US$1 200 which is much lower than the prevailing price of US$15 000.

The team had also developed an online marketplace for all the African countries to buy what they need, and to be able to pay for it, to organise the financing for it.

He also suggested that Africa’s public health system adopt a jobs and enterprise-driven Marshall Plan:

So, I’m calling for a $15 to $20 billion Marshall Plan for Africa’s health care infrastructure: public hospitals, private sector investment into ensuring that we have the hospitals and we have the infrastructure, pharmacies, manufacturing facilities, the pharmaceutical industry is missing.

All this needs to be built. With a serious crisis of this nature we must harness lessons from it and make sure that we come out better and stronger. So why not start where the crisis began? A major fund for the healthcare infrastructure

More: The Herald 

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